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While there has been positive news about recent wage growth, looking back over the last 40 years reveals a different story for the average worker.
While growth in 2019 has exceeded expectations so far, growth rates largely have conformed to forecasts, and many economists expect growth to remain lower in 2019 than in 2018.
Income growth since 1979 is larger for high-income earners, even when including transfers and taxes.
https://www.pgpf.org/chart-archive/0059_income-growth-disparity
Between 1979 and 2016, income increased more quickly for high-income earners.
https://www.pgpf.org/chart-archive/0060_income-disparity-before-transfers-taxes
Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.
https://www.pgpf.org/blog/2019/07/fast-approaching-fiscal-deadlines-pose-threat-to-american-economy
The population of the United States is aging rapidly. Soon we will be a nation of Floridas.
Life expectancy at birth in the United States is lower than in other developed countries, despite higher healthcare costs.
https://www.pgpf.org/Chart-Archive/0201_us_lifeexpectancy_low_despite_cost
The national debt is on an unsustainable path.
https://www.pgpf.org/chart-archive/0202_federal-debt-proj-since-1930
